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Analysis Of The Eur/jpy PairTitle:
Dukascopy Afternoon Forex Overview : 22/05/2012
Fundamental Analysis
EUR
Gold extended previous gains in Asian session on Tuesday as concerns over Greek exit from the single currency union eased. At G8 summit leaders of eighth largest economies stated that they would do everything possible to retain Greece in the Euro Zone. COMEX gold June contract traded at 1,592.35 US Dollars per troy ounce on the New York Mercantile Exchange, advancing by 0.23%.
USD
The US Senate has passed a bill aimed at tightening sanctions imposed on Iran to force the country to cease its nuclear program. The new sanctions imply investigation of role of Iran's Revolutionary Guard in oil exports as well as obliging the US companies to disclose any business activities with Iranian partners. The move came ahead of negotiations between Iran and six major ...
Title:
Technical analysis of the EUR/JPY pair on May 22th, 2012
Commentary of the EUR/JPY pair :
The pair EUR/JPY made yesterday a pullback on 101 as support.
The pair is currently testing the lower band of its bearish channel (purple lines).
Indicators stay globaly bearish.
We continue to advise short positions as far as 102 is resistance.
A return below 101 below will comfort our bearish feeling.
The breakout of 100 will give a new sell signal and open the way towards 99.
In case of return above 102, we will wait the breakout of 103 to advise long positions.
See the previous analysis of the EUR/JPY pair of May 21th, 2012
EUR/JPY Analysis
Title:
Technical analysis of the EUR/JPY pair on May 21th, 2012
Commentary of the EUR/JPY pair :
The pair EUR/JPY just validated a return above 101 points.
The pair is still moving below the lower band of its bearish channel (purple lines).
All indicators are still bearish.
We continue to advise short positions as far as 102 is resistance.
A return below 101 below will comfort our bearish feeling.
The breakout of 100 will give a new sell signal and open the way towards 99.
In case of return above 102, we will wait the breakout of 103 to advise long positions.
See the previous analysis of the EUR/JPY pair of May 18th, 2012
EUR/JPY Analysis
Title:
Technical analysis of the EUR/JPY pair on May 18th, 2012
Commentary of the EUR/JPY pair :
A bearish rally occured on the pair EUR/JPY who broke the supports are 102 and 101, giving both a new sell signal.
The pair is now moving below the lower band of its bearish channel (purple lines).
All indicators are bearish.
We continue to advise short positions as far as 102 is resistance.
The breakout of 100 will give a new sell signal and open the way towards 99.
In case of return above 102, we will wait the breakout of 103 to advise long positions.
See the previous analysis of the EUR/JPY pair of May 17th, 2012
EUR/JPY Analysis
Title:
Technical analysis of the EUR/JPY pair on May 17th, 2012
Commentary of the EUR/JPY pair :
The pair continues to move on the lower band of its bearish slant (purple line).
The pair is still testing the support at 102.
All indicators are bearish.
We continue to advise short positions as far as 103.67 is resistance.
The breakout of 102 will give a new sell signal and open the way towards 101.
In case of return above 103.67, we will wait the breakout of 104.45 to advise long positions.
See the previous analysis of the EUR/JPY pair of May 16th, 2012
EUR/JPY Analysis
Title:
Dukascopy Morning Forex Overview : 05/16/2012
Fundamental Analysis
EUR
"Germany is holding up the rest of the euro zone”"
- Nick Kounis, head of macroeconomic research at ABN Amro
Germany helped the Eurozone avoid its second recession in three years. Overall gross domestic product stagnated in the first three months of 2012, compared to the previous quarter, Eurostat data showed on Tuesday.
USD
"There’s a lot of slack in the economy"
- Scott Brown, chief economist at Raymond James & Associates Inc.
Inflation in the U.S. stagnated in April, restrained by a decline in energy costs. The core consumer price index, which excludes food and energy costs, rose 0.2 per cent, showed Bureau of Labor Statistics data on Tuesday.
GBP
"March's UK trade figures showed a bit of an improvement, although the external sector still looks likely to ...
Title:
Technical analysis of the EUR/JPY pair on May 16th, 2012
Commentary of the EUR/JPY pair :
The pair continues to move on the lower band of its bearish slant (purple line).
The pair is currently testing the support at 102.
All indicators are bearish.
We continue to advise short positions as far as 103.67 is resistance.
The breakout of 102 will give a new sell signal and open the way towards 101.
In case of return above 103.67, we will wait the breakout of 104.45 to advise long positions.
See the previous analysis of the EUR/JPY pair of May 15th, 2012
EUR/JPY Analysis
Title:
Technical analysis of the EUR/JPY pair on May 15th, 2012
Commentary of the EUR/JPY pair :
The pair continues to move on the lower band of its bearish slant (purple line).
The pair broke yesterday the support at 103, giving us a new sell signal.
All indicators are bearish.
We continue to advise short positions as far as 104 is resistance.
The breakout of 102 will give a new sell signal and open the way towards 101.
In case of return above 104, we will wait the breakout of 104.45 to advise long positions.
See the previous analysis of the EUR/JPY pair of May 14th, 2012
EUR/JPY Analysis
Title:
Dukascopy Morning Forex Overview : 14/05/2012
Fundamental Analysis
EUR
"Equity markets are driven by two things: fundamentals and sentiment."
- Lorne Baring, managing director at B Capital SA
European stocks climbed on Friday after a report showed U.S. consumer confidence increased to the highest level in four years in May.
USD
"Confidence has been boosted by lower gasoline prices."
- Paul Dales, a senior economist at Capital Economics Ltd.
U.S. consumer confidence rose by more than expected in May as consumers became more optimistic on the outlook of the country's economy.
GBP
"The April producer price data … do little overall to reduce the uncertainty as to whether or not the Bank of England will eventually do more Quantitative Easing."
- Howard Archer, an economist at HIS Global Insight
U.K. producer prices rose by more than ...
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